SERVICE CHARGES SCHEDULE (APPLICABLE W.E.F. 01-04-2025)
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Note |
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1 |
Unless otherwise specified, all charges are denominated in EURO only |
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2 |
All charges are exclusive of VAT |
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3 |
Where amounts are quoted in EURO, equivalent in other currencies will be calculated at prevailing exchange rate. |
- REMITTANCE
- EURO ACCOUNTS
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Particulars |
Amount of transaction |
Charges |
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WITHIN BELGIUM (LOCAL) |
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Inward Direct Remittance |
501 – 50,000 |
15 |
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> 50,000 |
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Outward Direct Remittance (Value date – Same Day) |
Upto 5,000 |
25 |
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> 5,000 – 50,000 |
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> 50,000 – 2,500,000 |
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> 2,500,000 |
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Internal Transfer |
Upto 100,000 |
5 |
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Above 100,000 |
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OUT OF BELGIUM (NON-LOCAL) |
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Inward Direct Remittance |
Upto 100,000 |
15 |
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Above 100,000 |
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Outward Direct Remittance (Value date – Same Day) |
Upto 5,000 |
25 |
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> 5,000 – 50,000 |
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> 50,000 – 2,500,000 |
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> 2,500,000 |
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Internal Transfer |
Upto 100,000 |
5 |
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Above 100,000 |
- USD ACCOUNTS
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Particulars |
Amount of transaction |
Charges |
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WITHIN BELGIUM (LOCAL) |
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Inward Direct Remittance |
Upto 50,000 |
15 |
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50,001 – 250,000 |
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250,001 – 1,000,000 |
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1,000,001 and above |
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Outward Direct Remittance (Value date – Same Day) |
Upto 50,000 |
25 |
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50,001 – 250,000 |
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250,001 – 1,000,000 |
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1,000,001 and above |
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Outward Direct Remittance (Value date – Next Day) |
Upto 50,000 |
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50,001 – 250,000 |
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250,001 – 1,000,000 |
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1,000,001 and above |
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Internal Transfer |
Upto 100,000 |
5 |
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Above 100,000 |
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OUT OF BELGIUM (NON-LOCAL) |
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Inward Direct Remittance |
Upto 5,000 |
15 |
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5,000.01 – 10,000 |
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10,000.01 – 25,000 |
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25,000.01 – 50,000 |
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50,000.01 – 100,000 |
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100,000.01 – 250,000 |
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250,000.01 – 500,000 |
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500,000.01 and above |
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Outward Direct Remittance (Value date – Same Day) |
Upto 25,000 |
25 |
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25,001 – 50,000 |
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50,001 – 100,000 |
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100,001 – 250,000 |
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250,001 – 500,000 |
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500,001 – 1,000,000 |
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Above 1,000,000 |
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Outward Direct Remittance (Value date – Next Day) |
Upto 25,000 |
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25,001 – 50,000 |
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50,001 – 100,000 |
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100,001 – 250,000 |
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250,001 – 500,000 |
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500,001 – 1,000,000 |
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Above 1,000,000 |
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Internal Transfer |
Upto 100,000 |
5 |
EXCHANGE OF CURRENCIES
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Involving exchange of currencies from Euro to USD or USD to Euro |
Charges |
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Upto 5,000 |
5.00 |
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5,000.01 – 25,000 |
15.00 |
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25,000.01 – 100,000 |
35.00 |
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100,000.01 – 250,000 |
60.00 |
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250,000.01 – 500,000 |
100.00 |
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500,000.01 and above |
150.00 |
COURIER / POSTAL EXPENSES
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Postal Charges |
Within Europe |
Outside Europe |
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Charges |
Charges |
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Ordinary Post |
5.00 |
10.00 |
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Registered Post |
10.00 |
20.00 |
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Courier (DHL, UPS, etc.) |
25.00 |
50.00 |
MISCELLANEOUS CHARGES RELATED TO CURRENT / OVERDRAFT ACCOUNTS
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Particulars |
Charges |
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Annual Maintenance Charges (USD Accounts) * |
$ 3000.00 |
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Annual Maintenance Charges (EURO Accounts) * |
500.00 |
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Changes in constitution of the company, Addition / deletion of director / proxy / UBO / authorized signatory (after account opening) |
50.00 |
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Change of address / mobile number / email |
10.00 |
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Monthly Minimum Balance Charges |
100.00 |
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Closing of current / overdraft account |
50.00 |
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Payment orders with incorrect / insufficient data |
10.00 |
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Payment orders with two or more invoices |
Not permitted |
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Payment orders with insufficient balance in account |
30.00 |
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Manual intervention charges by Correspondent Banks |
10.00 |
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Tracer via SWIFT |
30.00 |
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Copy of SWIFT Message |
10.00 |
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Copy of SWIFT Message by Fax / e-Mail |
10.00 |
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Statement of Account |
Same |
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Retrieval of more than 90 days old record |
100.00 |
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Registration of SI |
20.00 per SI |
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SI Processing Charges |
5.00 per SI |
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Non-execution of SI due to insufficient funds |
30.00 per instance |
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Banker’s Opinion Reports |
100.00 |
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Audit Confirmation – Clients |
50.00 |
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Audit Confirmation – Banks |
100.00 |
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Issue of Certificates (other than Solvency Certificate) |
50.00 |
* Account maintenance charges are denominated in USD for USD accounts and in EURO for EURO accounts.
